The crypto market are currently all in red. It seems that there is a bloodbath. How long do you think will it take and what do you think is the reason behind it? Is it just a massive price correction or is it the end for the crypto world? Just want to know your opinion about it.
My opinion about this current situation is Asian Market (China, etc) cashing money. They will celebrate Lunar Year on February. So, i think the market still in RED until early February.
Lots of speculation as to what is happening to the market right now. Asian market has still a lot of influence on the market is what you said above is true. But I don't think that will last till February. I'm speculating that this bloodbath will on a few the most. Too much money is here to take. I'm sure people will go back and buy cheap coins now.
There is no bloodbath, it's the reverse of what happened in December.
Call it whatever dude. But what we have witnessing is a major crash. Although this is not the first time. But there are a lot of noobs not familiar with this kind of development. They see the market going red, they panic and then sold everything. AT least weak hands is gone, and perfect timing to get back right now.